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A real-estate agent compares the selling prices of homes in a municipality in southwestern PA compared to the average selling

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A real-estate agent compares the selling prices of homes in a municipality in southwestern PA compared to the average selling price of a home in PA(125,000)to see if there is a difference. The results of her study are shown. Is there enough evidence to reject the claim that the average cost of a home in Scott Township is different than the average population price in PA?

Scott: Xbar = 123, 430  standard deviation = 3702  n = 25

a. What interval method will you use to create your interval and why?

b. Create a 95% confidence interval.

C. Create a hypothesis test at alpha = 0.05 testing the claim that the average
cost of a home in Scott Township is different than the average population price in PA
. Do you accept or reject the null hypothesis?

*State the null and alternative hypothesis.
*Calculate the test statistic
*Draw the normal curve with boundary values for the one or two sided test.
*Clearly state of you accept or reject the null hypothesis.

Expert Answer:

Answer rating: 100% (QA)

ANSWER a We will use a t interval method to create the interval because the population standard devi View the full answer


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Related Book For  answer-question
Elementary Statistics A Step By Step Approach

Elementary Statistics A Step By Step Approach

ISBN: 9780073386102

8th Edition

Authors: Allan Bluman

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Posted Date: April 03, 2023 22:06:04
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